NAK: Trendline Trap Before BreakdownNorthern Dynasty Minerals Ltd.BATS:NAKSmellyTazNAK is showing a clean bearish continuation structure using the latest SK + trendline manipulation framework. The main sequence is active. We have a clear A → B structure, with the bearish ABC target still unreached, meaning there is still downside room if the sequence continues to deliver. The important part is not the bearish bias alone. The important part is how price behaved after returning into the BC reaction zone. Price pushed into BC, manipulated the descending 0-to-B trendline, and then failed to hold above it. That matters because the trendline break alone is not enough. A lot of traders get trapped on the first breakout. What I want to see is manipulation first, then rejection, then confirmation. Here, we got the cleaner version: Price returned into BC. It manipulated the trendline. It created a breaker block. Then the corrective channel broke. That channel break is the confirmation filter. Without it, the breaker is too early and dangerous. With it, the setup becomes much cleaner because price is no longer just “reacting” from BC — it is showing that the corrective structure is failing. The invalidation remains above the B / major protected high area. As long as price stays below that level, the bearish sequence remains valid. My preferred execution is not chasing the breakdown candle. The better entry would be a retracement back into the breaker block / premium area after the channel break, with clean risk above the protected structure. Targets are the lower liquidity pools first, then the projected ABC target zone if momentum continues. Since this is an equity, any deep projected target should be treated as a liquidity/discount map, not blindly as an exact sub-zero price objective. The logic is simple: Active bearish sequence → BC reaction → trendline manipulation → failure to reclaim → breaker block → channel break → pullback entry → liquidity/ABC target. No channel break, no trade. No pullback, no chase. B invalidated, setup dead. This is the kind of structure I like because it avoids the weak early entry and waits for trapped breakout buyers to be forced out before joining the dominant sequence. Not financial advice. This is my personal chart study and execution framework.